Leonard Abess with the northeast corner of Krome Avenue and Southwest 286th Road (Google Maps, Getty)
Leonard Abess is joining the housing improvement frenzy gripping south Miami-Dade County.
Abess, a serious estate trader who formerly owned City Countrywide Financial institution of Florida, is asking the county to rezone 27.3 acres of agricultural land he owns on the northeast corner of Krome Avenue and Southwest 286th Street to allow for for 85 single-spouse and children properties, according to a submitting to the county. The software was initial submitted in mid-September and amended in late October.
The houses would sit on a lot ranging from just about a quarter-acre to just under 50 % an acre, filings display.
An entity tied to Abess compensated $940,200 for the land in Redland in 2010, according to residence information.
The agricultural expanse is aspect of Abess’ huge landholdings in southwest Miami-Dade.
But Abess’ rezoning submitting is a deviation from his regular observe of trying to keep his properties as farmland or vacant. Abess also has advocated for the atmosphere.
Final calendar year, Abess withdrew a rezoning ask for for land he owns in southeast Miami-Dade outside the City Advancement Boundary that would have permitted a portion of an industrial task to be constructed on the residence. The land was intended to be bundled in developers Stephen Blumenthal and Jose Hevia’s controversial South Dade Logistics & Technological know-how District.
Abess bought his Metropolis Countrywide Financial institution of Florida shares in 2009 for much more than $900 million to Spanish financial institution Caja Madrid. Considering the fact that then, he has amassed land in south Miami-Dade, with his holdings pegged at more than 1,000 acres as of 2013.
He paid $6 million for 68 acres of land together Southwest 147th Road in 2019.
Southwest Miami-Dade has turn out to be an epicenter of housing and multifamily improvement, largely mainly because of its expansive provide of buildable land at much less expensive rates than in Miami’s urban main.
In November, The Richman Group scored a $44.5 million construction personal loan for its home at 27022 South Federal Freeway in Naranja. The land is permitted for a 266-device elaborate with eight-story and 4-story buildings.
